Monday, May 11, 2009

Obama's New Budget Deficit $1.8 Trillion

Via Yahoo Finance

The Treasury will have to borrow .50 cents of every dollar it spends this year, exploding the federal budget deficit to $1.8 Trillion Dollars under new Obama Administration estimates.

Remember when "Hope-n-Change" promised on the campaign trail
last year, "a net spending cut...every dollar that I've proposed, I've proposed an additional cut so it matches."


Related: Obama's National Debt 83% of Gross Domestic Product

Resisting O's World, Stick To Your Guns, Republicans by Dick Morris